FY2027 EPS Estimates for Bank OZK Raised by Zacks Research

Bank OZK (NASDAQ:OZK) – Equities researchers at Zacks Research raised their FY2027 earnings per share (EPS) estimates for Bank OZK in a research note issued to investors on Wednesday, April 2nd. Zacks Research analyst R. Department now forecasts that the company will earn $6.97 per share for the year, up from their previous forecast of $6.96. The consensus estimate for Bank OZK’s current full-year earnings is $6.02 per share.

Other analysts also recently issued research reports about the stock. UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Morgan Stanley reduced their price target on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Bank OZK currently has an average rating of “Hold” and a consensus target price of $50.38.

Bank OZK Price Performance

OZK stock opened at $38.16 on Monday. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 6.21 and a beta of 1.05. Bank OZK has a fifty-two week low of $35.80 and a fifty-two week high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $47.02 and a 200 day moving average price of $46.09.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. During the same period in the prior year, the firm posted $1.50 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year.

Institutional Trading of Bank OZK

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Bank OZK in the 4th quarter valued at approximately $53,114,000. Wasatch Advisors LP lifted its holdings in shares of Bank OZK by 19.3% in the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock valued at $316,281,000 after buying an additional 1,149,880 shares during the period. Wellington Management Group LLP boosted its stake in shares of Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after buying an additional 1,041,198 shares in the last quarter. First Trust Advisors LP grew its holdings in Bank OZK by 30.4% during the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock worth $131,162,000 after acquiring an additional 686,775 shares during the period. Finally, State Street Corp lifted its holdings in Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock valued at $305,526,000 after acquiring an additional 485,172 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 4.51%. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio is presently 28.01%.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.